Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

May 14, 2013 13:46 ET

Update Concerning Mint's Annual Financial Statements

TORONTO, ONTARIO--(Marketwired - May 14, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Mint Technology Corp. (TSX VENTURE:MIT) ("Mint" or the "Company"), announced today that it expects to complete the filing of its annual financial statements, MD&A and related CEO and CFO certificates for its fiscal year-ended December 31, 2012 (the "Year End Filings") on or about May 24th, 2013. . The audit process in the United Arab Emirates and Canada is drawing to a close and the draft financial statements and MD&A will be reviewed by the Company's newly formed Audit Committee early in the week of May 20th.

Mint's principal regulator, the Ontario Securities Commission, has issued a temporary management cease trade order that prohibits Nabil Bader (CEO) and Terry Walter (CFO) from trading in securities of Mint for a period of 15 days. If the Year End Filings are not filed within that period, an order will be issued which extends the management cease trade order.

Except as set out above, there are no changes to be disclosed under the alternative reporting guidelines set out in National Policy 12-203.

FORWARD-LOOKING STATEMENTS

Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or our future performance. Forward-looking statements include the expected filing date of the Year End Filings. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to vary from those expressed or implied by such forward-looking statements. Forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, any delays in the completion of the auditors' work on the financial statements. Although the forward-looking statements contained in this news release are based upon what management of Mint believes are reasonable assumptions on the date of this news release, Mint cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release.

ABOUT MINT TECHNOLOGY CORP

Established in 2004, Mint is the world's first vertically integrated prepaid card and payroll services provider with its own ATM network, payment processing platform and proprietary branded card product delivered to workers in the United Arab Emirates and expanding to other parts of the Middle East. Mint operates through 4 subsidiaries, Mint Middle East LLC, a payroll card services provider; Mint Capital LLC, a financial products distribution company; Mint Global Processing Inc., a fully integrated third party processing platform; and MEPS, a mobile airtime POS and Merchant network solutions business. Mint has 108 employees in 8 offices in UAE (3), Qatar, Jordan, Egypt, USA and Canada where Mint is listed on the TSX Venture Exchange: MIT.

For additional information please visit www.mintinc.com.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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